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Deals

Thailand's CP Foods says considered bidding for Smithfield

HONG KONG (Reuters) - Charoen Pokphand Foods Plc, controlled by Thai billionaire Dhanin Chearavanont, said on Thursday it had considered bidding for Smithfield Foods Inc SFD.N.

On Wednesday, China’s privately-owned Shuanghui International agreed to buy Smithfield Foods for $4.7 billion in cash to feed growing Chinese appetite for U.S. pork, in a deal that has already stirred concern from U.S. politicians.

CP Foods declined to give more details due to a non-disclosure agreement.

Reporting by Denny Thomas and Khettiya Jittapong; Editing by Ryan Woo

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